Month: February 2023

ST. JOHN’S, Newfoundland and Labrador, Feb. 10, 2023 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2022 fourth quarter and annual financial results1. HighlightsReported net earnings of $1.3 billion, or $2.78 per common share in 2022 Adjusted net earnings per common share2 of $2.78, up from $2.59 in 2021, representing ~7% annual EPS growth Capital expenditures2 of $4.0 billion, with over $600 million focused on delivering cleaner energy, yielding ~7% rate base growth3 Scope 1 emissions 28% below 2019 levels; 75% emissions reduction by 2035 target on track in support of 2050 net-zero goal Capital structure complaint filed against ITC Midwest denied by FERC“2022...

Solid Start to the Year Led by Oil & Gas Segment HONOLULU, Feb. 10, 2023 (GLOBE NEWSWIRE) — Barnwell Industries, Inc. (NYSE American: BRN) today reported net earnings of $1,089,000, $0.11 per share, for the three months ended December 31, 2022, as compared to net earnings of $1,073,000, $0.11 per share, for the three months ended December 31, 2021. Mr. Alexander C. Kinzler, Chief Executive Officer of Barnwell, commented, “We are pleased to report that our first quarter oil and gas segment revenues increased by over $1,300,000 (33%) as prices increased for all products with oil, natural gas, and natural gas liquids increasing 6%, 4%, and 42%, respectively. Net oil production increased to 48,000 Bbls (barrels) from 39,000 Bbls (23%) and net natural gas production increased to 300,000 Mcf (1,000 cubic feet) from 205,000 Mcf (46%),...

Municipality Finance PlcFinancial Statements Bulletin10 February 2023 at 1:00 pm (EET) Municipality Finance Plc Financial Statements Bulletin 1 January–31 December 2022 In brief: MuniFin Group in 2022The Group’s net operating profit excluding unrealised fair value changes amounted to EUR 170 million (EUR 213 million). As expected, it decreased from the comparison year’s exceptionally good result and was 20.0% lower than in the year before (8.0% growth in 2021). This drop was influenced by the change in credit terms applied in late 2021 for the benefit of the Group’s customers. The Group’s net interest income totalled EUR 241 million (EUR 280 million) in January–December. Costs in the financial year amounted to EUR 73 million (EUR 72 million). Costs excluding non-recurring items totalled EUR 69 million (EUR 61 million] and making the...

Millicom (Tigo) closes 2022 with robust free cash flow Luxembourg, February 10, 2023 – Millicom is pleased to announce its fourth quarter and annual 2022 results. Please find below links to the Q4 2022 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Millicom Chief Executive Officer Mauricio Ramos commented: “2022 was a strong year for Millicom. Operationally, we gained or sustained mobile and fixed market share in the vast majority of our markets, and we continued to successfully execute on our strategy to accelerate growth in B2B. In Mobile, we continued to invest to modernize and upgrade our networks, and we were the first to introduce 5G service in Guatemala. In Home, we continued to expand our network to reach 822,000 new homes, and we pivoted our new build activity toward fiber-to-the-home. We...

RAPALA VMC CORPORATION, Financial Statement Release, February 10, 2023 at 1:00 p.m. EET January-December (FY) in brief:Net sales were 274.4 MEUR, down 7% from previous year (294.3). Organically sales were 13% lower than last year. Group products sales were 228.4 MEUR, up by 0.7 MEUR from previous year. Organically Group products sales were 6% lower than last year. Operating profit was 12.3 MEUR (32.1). Comparable operating profit* was 15.3 MEUR (32.7). Cash flow from operations was -12.9 MEUR (24.4). Net profit for the period was 3.7 MEUR (19.8). Earnings per share was 0.10 EUR (0.45). Dividend proposal is 0.04 EUR per share (0.15). 2023 guidance: Full year comparable operating profit to decrease from the previous year as 2023 will be strongly impacted by continued destocking in the fishing category at retail level and poor winter weathers...

Swamy Kotagiri, Magna’s Chief Executive Officer “2022 was another difficult year for the auto industry as inflation climbed to levels not experienced for decades, geopolitical issues contributed to unprecedented European energy prices and OEM production schedules remained volatile. Nevertheless, we once again generated above-market sales growth, and booked a record amount of business. In 2023, we are highly focused on improving underperforming operations, limiting discretionary costs and securing further inflation recoveries from our customers. At the same time, we continue to invest to support the significant amount of business growth in front of us.”Fourth Quarter 2022 HighlightsSales increased 5% to $9.6 billion Excluding foreign currency translation sales increased 13%, compared to a global light vehicle production increase of...

SAMPO PLC                        FINANCIAL STATEMENT RELEASE           10 February 2023 at 9:35 am Sampo Group’s results for 2022 • Group P&C gross written premiums increased by 6 per cent year-on-year to EUR 8,136 million. The Group combined ratio was strong at 82.1 per cent (81.4). • Underwriting profit increased by 2 per cent to EUR 1,314 million (1,282). Excluding COVID-19 effects reported in 2021, underwriting profit grew 13 per cent. • The Board proposes a EUR 2.60 per share (4.10) dividend, including a regular dividend of EUR 1.80 per share (1.70). In addition, management is to propose a new EUR 400 million buyback programme. • The strategic review of Mandatum is ongoing, with all options still available. An update is expected to be provided by the end of the first quarter. • Group Solvency II coverage stood at 210 per cent...